Author: BEX Staff

By Roland Murphy for AZBEX Alliance Residential Company has turned in an initial submittal to the City of Phoenix for a 299-unit multifamily development on 4.9 acres at 30 N. 56th Street. The site lies midway between Van Buren and Washington streets. The site for Broadstone 56 is comprised of five adjacent parcels zoned Intermediate Commercial. The request seeks to consolidate and rezone them as a Planned Unit Development. Surrounding uses are mostly industrial and commercial offices. The submittal notes that while the site is not within the City’s designated infill district, it is an infill site in an area…

A three-story U-Haul Moving and Storage facility proposed for the SEC of Ocotillo and Crismon roads has had a conditional use permit and site plan approval request approved by the Queen Creek Planning and Zoning Commission. This will be the third large U-Haul facility in Queen Creek. The main structure’s proposed build area is 122.3KSF, with a footprint of 22.2KSF. There will also be two single-story buildings totaling approximately 5KSF. The main building will have a showroom, a supply area and 1,078 individual storage lockers. The proposal now moves on to the Queen Creek Town Council for approval. (Source) 

By Associated Builders and Contractors The construction industry added 28,000 jobs on net in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 231,000 jobs or 3.1%. Nonresidential construction employment increased by 17,900 positions on net, with growth in all three subcategories. Nonresidential specialty trade contractors added 10,200 net new jobs, while nonresidential building and heavy and civil engineering added 5,800 and 1,900 jobs, respectively. The construction unemployment rate rose to 4.4% in December. Unemployment across all industries declined from…

Giving Back 1. The International Facilities Management Association Greater Phoenix Chapter launched a new community in September to bridge the gap between active-duty military and veterans with facility management-specific skills and the facility management profession. Volunteer positions in the program include: Advocate: One person from each component who will work with leadership to facilitate the recruitment and retention of military veterans; the Wingman: a member with prior military service who will be connected with each new military or veteran member; and the Liaison: a person who will be a link between their component and the military community.  Boards & Commissions …

Sales Transactions 1. PaulsCorp has sold three Phoenix area apartments to Tides Equities. No financial details were disclosed in the announcement by Colliers in Arizona, but CoStar reported a transaction volume of $95M. The properties were:  Red Sage, 156 units, Phoenix; The Perry, 148 units, Glendale; Serena Park, 141 units, Glendale. PaulsCorp was represented by Brad Cooke, Cindy Cooke, Matt Roach and Chris Roach of Colliers in Arizona. 2. Taylor Street Advisors announced the $11M sale of Aspen Cove Apartments, a 59-unit garden-style community in Payson. The seller was a private investment group, and the buyer was a 1031 Exchange…

Clayco Realty Group is planning a 343-unit, 5.9-acre multifamily development at 1035 E. Curry Road, north of the Loop 202 freeway in Tempe. Amenities at Curry Road Apartments could include a pool, fitness center, co-working lounge and outdoor community spaces. CRG is requesting a zoning map amendment, General Plan density map amendment, Planned Area Development overlay, use permit and development plan review. The Tempe Development Review Commission will hear the proposal Jan. 10. ESG Architecture and Design is the architect, and the project is represented by Gammage & Burnham. If approved by the DRC and City Council, CRG hopes to…

The Fox Theatre Foundation has closed purchase deals on several properties on North Stone Avenue adjacent to the Fox Tucson Theatre that will allow a planned 20KSF expansion project to move forward. The foundation acquired the theater and an adjacent building for $100 from Rio Nuevo. It then spent another $2.74M to buy 1 W. Congress Street and four other buildings at 13, 17, 25 and 27 N. Stone. 27 N. Stone is occupied by a market that has a lease in place until May. The other buildings are already vacant. With the required space now in hand, full architecture…

Arizona Department of Transportation Director John S. Halikowski will retire from his position after nearly 14 years of service. Changes in department-level leadership are common following the election of a new governor, particularly when that governor is of a different party than the preceding administration. Under state law, the ADOT Board will give newly sworn in Gov. Katie Hobbs a list of three names for consideration this week. According to Hobbs’ staff, she will make her selection and announce Halikowski’s replacement “shortly.” Former Gov. Jan Brewer appointed Halikowski to the director’s position in 2009, and he continued to serve through…

By Roland Murphy for AZBEX After sitting dormant for more than a year, plans for a Build-to-Rent development in the San Tan Valley area of Pinal County have reemerged. The Pinal County Planning and Zoning Commission will consider a plan from Snowden Residential LLC for Elux at Ocotillo – a 254-unit BTR development at the NWC of Ocotillo and Kenworthy roads – at its Jan. 19 meeting. The developer is requesting a rezoning and minor General Plan amendment for the 23.75-acre site. The original project, Kenworthy & Ocotillo BTR, was submitted in late 2021 and included 269 units. A rezoning…

Retail development firm Vestar is planning a 400KSF, $130M commercial center in Phoenix’s Laveen Village. Laveen Towne Center will include a department store, entertainment outlets, specialty shops, restaurants and other associated uses on a historic farm site at the SWC of Dobbins Road and 59th Avenue. The 40-acre Towne Center development is part of a larger 90-acre site. Design elements will focus on the area’s agricultural history, and Vestar plans to repurpose the historic Hudson Farmhouse, which, along with the surrounding area, could focus on restaurant or wine-centric operations. Vestar will develop Laveen Towne Center in partnership with BRIO Investment…